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DiNapoli: NYC Tax Collections Stronger Than Anticipated
… New York City is projecting a surplus of $3.5 billion in fiscal year (FY) 2019, which it plans to use to help balance the $92.5 billion proposed 2020 budget, but tax collections continue to exceed expectations. The … resources from the citywide savings program, a reduction in unneeded reserves in the current fiscal year and …
https://www.osc.ny.gov/press/releases/2019/05/dinapoli-nyc-tax-collections-stronger-anticipatedDiNapoli Proposes More Transparency for Fire Protection Costs
… fire services before contracts are signed and creates a more standardized process across New York that implements … lead to lack of civic understanding, limited participation in budget hearings and special elections, and not enough … notes: As of December 2015, there were 886 fire districts in the state. All 62 cities and many of the state's villages …
https://www.osc.ny.gov/press/releases/2017/03/dinapoli-proposes-more-transparency-fire-protection-costsIX.12.C State Responsibility – IX. Federal Grants
… Overall coordination of the state’s implementation of CMIA was assigned to the Division of the Budget (DOB), … may unnecessarily inflate the state’s CMIA interest liability. Therefore, at any time OSC and DOB may elect to … Overall coordination of the states implementation of CMIA was assigned to the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix12c-state-responsibilityDiNapoli: State Pension Fund Reaches Record High of $176.2 Billion
… 31, 2014. “It was a stellar year for us. The Fund grew in value to a historic high of $176.2 billion," DiNapoli … The Fund is the third-largest public pension fund in the country and remains one of the nation’s best-managed …
https://www.osc.ny.gov/press/releases/2014/05/dinapoli-state-pension-fund-reaches-record-high-1762-billionDiNapoli Statement on the MTA's July Financial Plan
… when excluding federal one-time relief, making clear what my office has been saying since September 2021 : the MTA is facing major risks to its operating revenue streams as costs continue to rise, worsening a … government financial records, track state contracts, and find commonly requested data. …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-statement-mtas-july-financial-planDiNapoli: Tax Revenues Through May $4 Billion Over Enacted Budget Projections
… State tax receipts through the first two months of State Fiscal Year (SFY) 2021-22 were $4 billion higher than forecast in the Enacted Budget Financial Plan, according to the … Thomas P. DiNapoli. “The strong tax collections through the first two months of the state fiscal year is good …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-tax-revenues-through-may-4-billion-over-enacted-budget-projectionsDiNapoli Announces Sale of $636 Million State of New York General Obligation Bonds
… tax-exempt and taxable New York State General Obligation bonds, totaling $635.9 million. The state expects to sell … refund a portion of certain outstanding General Obligation bonds to reduce the state’s debt service costs. The net … of the new money portion of the Series 2021A Tax-Exempt Bonds will finance projects authorized by the following …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-announces-sale-636-million-state-new-york-general-obligation-bondsXVI.3.I Budgetary Presentation – XVI. Financial Reporting
… – Budgetary Reporting Process and Document Preparation: The Basic Financial Statements (BFS) issued by the State of New York include, as required supplementary information, Budgetary Basis - … The BFS issued by the State of New York include as required …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi3i-budgetary-presentationDiNapoli: State's Financial Hole Deepens, Tax Revenues Trail $3.2 Billion in 2020
… are $3.2 billion lower than last year, as he released the State Cash Report for August. DiNapoli noted state tax … of $4.3 billion in August were $309.3 million above the latest projections by the state Division of Budget (DOB), but $219.1 million below … are $32 billion lower than last year as he released the State Cash Report for August …
https://www.osc.ny.gov/press/releases/2020/09/dinapoli-states-financial-hole-deepens-tax-revenues-trail-32-billion-2020DiNapoli Announces Sale of $914.3 Million State of New York General Obligation Refunding Bonds
… of New York General Obligation Series 2019B Refunding Bonds. This General Obligation bond issue was sold to refinance certain outstanding bonds generating $112.4 million in debt service savings to … the state on a net present value basis. The newly issued bonds refinance outstanding General Obligation debt issued …
https://www.osc.ny.gov/press/releases/2019/10/dinapoli-announces-sale-9143-million-state-new-york-general-obligation-refunding-bondsDiNapoli: State Tax Revenues Down $3 Billion Through July
… short-term borrowing authorized in the State Fiscal Year 2020-21 Enacted State Budget. July Cash Report Find out how your …
https://www.osc.ny.gov/press/releases/2020/08/dinapoli-state-tax-revenues-down-3-billion-through-julyDiNapoli: Local Sales Tax Collections Drop Over 32 Percent in May
… Sales tax revenue for local governments in May fell 32.3 percent compared to the same period last … P. DiNapoli. Sales tax collections for counties and cities in May totaled $918 million, or $437 million less than 2019. The sharp decline in revenues was widespread around the state, ranging from a …
https://www.osc.ny.gov/press/releases/2020/06/dinapoli-local-sales-tax-collections-drop-over-32-percent-mayCapital – 2023 Financial Condition Report
… A robust, efficiently managed capital investment program can … the end of SFY 2022-23, the State reported $116.7 billion in capital assets, an increase of $4.4 billion (4 percent) … for 51.1 percent of all capital projects spending in SFY 2022-23, up from 48.5 percent five years earlier. The …
https://www.osc.ny.gov/reports/finance/2023-fcr/capitalNursing Home Surveillance (Follow-Up)
… was imposed. Further, the Department did not utilize the full array of enforcement actions available to it, choosing …
https://www.osc.ny.gov/state-agencies/audits/2018/03/08/nursing-home-surveillance-followContract With Shorefront Mental Health Board – Compliance With Prevailing Wage Law
… Purpose To determine whether the Shorefront Mental Health Board … (OMH). The audit covered the period from November 1, 2011 to March 31, 2014. Background OMH contracted for $2.3 million with Shorefront to provide janitorial services to six outpatient facilities …
https://www.osc.ny.gov/state-agencies/audits/2014/10/28/contract-shorefront-mental-health-board-compliance-prevailing-wage-lawOverpayments for Services Also Covered by Medicare Part B (Follow-Up)
… report, Overpayments for Services Also Covered by Medicare Part B (Report 2012-S-27). Background Many of the State’s Medicaid recipients are also enrolled in Medicare Part B, which provides supplementary medical insurance for a … enhanced reimbursements from Medicaid and Medicare for the Part B services they provide. FQHCs are “safety net” …
https://www.osc.ny.gov/state-agencies/audits/2015/06/26/overpayments-services-also-covered-medicare-part-b-followAmerican Academy of Pediatrics, District II
… Purpose In conjunction with our Investigations Unit, we examined … to determine whether the expenses were bona fide and made in accordance with the contracts. Background During the … Assistant, and wages reportedly paid to the AAP webmaster. In six instances, the Executive Director submitted false …
https://www.osc.ny.gov/state-agencies/audits/2014/02/28/american-academy-pediatrics-district-iiDisposition of Farm Assets
… Purpose To determine whether the Department of Corrections and … of persons under community supervision (parole). Prior to the 2009-2010 fiscal year, the Department operated farms … These farms produced dairy, beef, and vegetable products to reduce the amount of food purchased. The Department …
https://www.osc.ny.gov/state-agencies/audits/2013/09/04/disposition-farm-assetsSelected Aspects of Bus Procurement
… is a public benefit corporation providing transportation services in and around the New York City metropolitan area. …
https://www.osc.ny.gov/state-agencies/audits/2014/03/03/selected-aspects-bus-procurementSelected Aspects of Discretionary Spending
… Authority (Authority) was created by an Act of the New York State Legislature in 1967 to promote the development and …
https://www.osc.ny.gov/state-agencies/audits/2014/09/30/selected-aspects-discretionary-spending